Bitcoin dropped below $79,000 on Thursday, trading at $78,920.05 on Binance’s USDT pair, a level not seen in several months. Inflation concerns, rising interest rates, regulatory uncertainty and recent outflows from spot Bitcoin ETFs have weighed on digital assets and broader risk sentiment. Analysts identify $79,000 as an important support zone, with $75,000 the next major support and $82,000 the level Bitcoin would need to reclaim to restore short-term bullish momentum. Ethereum and Solana fell 3-5% over the past 24 hours, while total cryptocurrency market capitalization slipped below $2.5 trillion. Some analysts regard the decline as a healthy correction within a longer-term bull market, although others warn that further losses are possible if inflation data continues to surprise to the upside. On-chain data shows long-term holders accumulating during the dip, a pattern that has historically been viewed as bullish. Traders are watching for a decisive close below $75,000 or a move above $82,000, while investment decisions remain dependent on individual risk tolerance and time horizons.